Bursa Malaysia • Annual Report 2013
148
Financial Reports
27. Employee benefits (cont’d.)
(a) Retirement benefit obligations (cont’d.)
The movements in the net liability were as follows:
Group and Company
Present value
of funded
defined benefit
obligations
Fair value
of plan
assets
Total
RM’000
RM’000
RM’000
At 1 January 2013
31,392
(1,369)
30,023
Interest expense/(income) (Note 5)
1,551
(70)
1,481
32,943
(1,439)
31,504
Remeasurements:
Return on plan assets
-
45
45
Experience losses
984
-
984
984
45
1,029
Contributions by employer
-
(3,249)
(3,249)
Payments from plan
(3,487)
3,153
(334)
At 31 December 2013
30,440
(1,490)
28,950
At 1 January 2012 (Restated)
35,010
(1,411)
33,599
Interest expense/(income) (Note 5)
1,987
(81)
1,906
36,997
(1,492)
35,505
Remeasurements:
Return on plan assets
-
63
63
Gain from change in financial assumptions
(3,044)
-
(3,044)
Experience gains
(432)
-
(432)
(3,476)
63
(3,413)
Contributions by employer
-
(1,761)
(1,761)
Payments from plan
(2,129)
1,821
(308)
At 31 December 2012 (Restated)
31,392
(1,369)
30,023
The plan assets comprise:
Group and Company
31.12.2013
31.12.2012
%
%
Malaysian Government Securities
40
66
Cash and fixed deposits
60
34
Notes to the Financial Statements
31 December 2013
